“Where did all the money go?”
Look at the list of oligarch assets that have been seized by sanction orders. That’s where it went.
Superyachts, Italian villas, Florida mansions, UK football teams, shopping malls, fancy cars, private jets, etc.
—”Superyachts, Italian villas, Florida mansions, UK football teams, shopping malls, fancy cars, private jets, etc.”
Needs to be repeated, “shows how extraordinary the position of the Russian ultra-wealthy class really is.”
“...billionaire wealth compared to GDP in Russia was still higher as of March 10 than in the U.S., Canada and several European countries. Looking back at February 23, when billionaire wealth still stood at almost 21 percent of Russian GDP, shows how extraordinary the position of the Russian ultra-wealthy class really is.”
From 2022:
https://www.statista.com/chart/27025/billionaires-wealth-gdp-ratio/
Russia’s oil and gas industry accounted for 16 percent of the country’s gross domestic product (GDP) between April and June 2023.
https://www.statista.com/statistics/1322102/gdp-share-oil-gas-sector-russia/#:~:text=Russia‘s%20oil%20and%20gas%20industry,first%20three%20months%20of%202023.